Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Allow Post-Only Orders in Sub-Dollar Securities
Published Date: 2/2/2026
Notice
Summary
MIAX PEARL wants to let traders use Post-Only orders for stocks priced under $1. The SEC is taking extra time, until March 29, 2026, to decide if this change is a go. This affects traders dealing with cheap stocks and could impact how orders get placed on MIAX PEARL’s platform.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Post-Only Orders for Sub-Dollar Stocks
MIAX Pearl filed on December 10, 2025 to allow the "Post Only" order instruction to be used on orders for securities priced below $1.00 on its equity trading platform. The SEC has set March 29, 2026 as the date by which it will approve, disapprove, or institute proceedings on that proposed change.
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Key Dates
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